Versions Compared

Old Version 3

changes.mady.by.user Maria Harreguy

Saved on

compared with

New Version 4

changes.mady.by.user Maria Harreguy

Saved on

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

Overview:

IN PROGRESS


This process has been developed for the Month End process for companies that wish to accrue uncertified subcontract claims within their processing period

. The batch is a reversing batch which you can choose to export the data to Excel via the Export button and/or to your financial system.
Note

Note: closing a batch does not stop the movement of the accruals. The Contract Claim Accrual account is set up in the respective Financial Company details on the GL Accounts tab. A second reversal batch is automatically created for the next period, ready to export and reverse the accrual.

From release 4.6.21, you can try new enhancement version by enabling it in the control parameter. For an in-depth understanding of the beta, kindly consult the details presented on this screen. This will provide you with comprehensive insights and guide you through the features and enhancements

.

Screen Guide:

Choose the Financial Company

(and Profit Centre if you want to narrow down the accrual)

, select + New to create a new batch, defaulting to the Financial Company you selected, then select

to

Generate & Batch.



The Batch will be created. Select the Financial Company to see the batches that have been created for that company. Where the transaction has been batched, the Batch No field will be filled in. If you have a batch selected and choose to Generate & Batch again, it will regenerate the batch based on the current filter. 


Use the Detail button to open the Batch screen

. Here, you can

and print the batch with the details of all the subcontract claims that have been included. You can also make changes to the batch header

and\or to Print the batch

.

 


Next Steps:

Once the batch is generated, you can close and export the batch through Export Control.

The reversing

Once you are happy with the batch and know for sure it does not need to be re-generated, you must Finalise it.

The Finalise step will create a reveral batch in the

next period will automatically be generated, ready

following period to reverse the

accrual

accruals, and this step is not reversible.

If you do not wish to send accrual batches to your financial system, be sure to tick Not For Export on the batch. And always remember to Finalise it to complete the process.


Related Pages:

FAQs:

Filter by label (Content by label)
showLabelsfalse
showSpacefalse
cqllabel = "ClaimAccruals" and space = "KB"

Process Flow: